MasterCard net income rises 41%

JohnSpence

BOSTON (MarketWatch) - MasterCard Inc.
MA, +0.10%
on Thursday reported fourth-quarter net income of $415 million, or $3.16 a share, up from $294 million, or $2.24 a share, in the same quarter of 2009. The credit-card firm said net revenue climbed 10.7% to $1.4 billion. Analysts polled by FactSet Research were looking for earnings of $3.03 a share on sales of $1.4 billion, on average.

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